Convey Health Solutions Leases Office Space In Miramar From Sunbeam Properties
3140 Executive Way, Miramar, FL, 33...
Building Size
47,819 SF
Asset Type
Office
Closing
Nov 26, 2018
AI
The property involved in the transaction is an office and flex building located at 3140 Executive Way in Miramar, FL. The asset spans 71,000 square feet, with Convey Health Solutions leasing 47,819 square feet within the building. The landlord, Sunbeam Properties, facilitated the lease agreement signed on 11/26/2018.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Tenant's Rep: Ryan Nunes (JLL)
- Landlord: Sunbeam Properties
- Square Feet: 47,819
Convey Health Solutions, a health insurance provider, is relocating to the office and flex building at 3140 Executive Way in Miramar, FL. The lease is part of Sunbeam Properties’ Miramar Park of Commerce and is custom-built to suit the needs of the tenant. The space is expected to be completed by March.
Players
Miramar Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93